Articoli correlati a Observers and Macroeconomic Systems: Computation of...

Observers and Macroeconomic Systems: Computation of Policy Trajectories with Separate Model Based Control: 8 - Brossura

Herbert, Ric D. D.

 
9781461375548: Observers and Macroeconomic Systems: Computation of Policy Trajectories with Separate Model Based Control: 8
Brossura
ISBN 10: 1461375541 ISBN 13: 9781461375548
Casa editrice: Springer, 2012

Sinossi

Observers and Macroeconomic Systems is concerned with the computational aspects of using a control-theoretic approach to the analysis of dynamic macroeconomic systems. The focus is on using a separate model for the development of the control policies. In particular, it uses the observer-based approach whereby the separate model learns to behave in a similar manner to the economic system through output-injections.
The book shows how this approach can be used to learn the forward-looking behaviour of economic actors which is a distinguishing feature of dynamic macroeconomic models. It also shows how it can be used in conjunction with low-order models to undertake policy analysis with a large practical econometric model. This overcomes some of the computational problems arising from using just the large econometric models to compute optimal policy trajectories.
The work also develops visual simulation software tools that can be used for policy analysis with dynamic macroeconomic systems.

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Contenuti

List of Figures. List of Tables. Glossary. I: Linear Systems. 1. Introduction. 2. Observers for Linear Rational Expectations Models. 3. Low Order Dynamic Macroeconometric Models. 4. Control Strategies for Attaining Ramp Output. 5. Visualisation Techniques. II: Nonlinear Systems. 6. Optimal Control with Nonlinear Models: Recent Studies. 7. A Practical Macroeconometric Model. 8. Linear Observer Based Control with the Nonlinear Macroeconometric Model. 9. Nonlinear Observers. 10. Conclusion and Further Work. Bibliography. Appendix A: Software Engineering. Index.

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Editore
Springer
Data di pubblicazione
2012
Lingua
Inglese
ISBN 10 
1461375541
ISBN 13 
9781461375548
Rilegatura
Copertina flessibile
Numero di pagine
336
Contatto del produttore
non disponibile
Persona responsabile
CMN Printpool Inh. Mathis Neumann
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